Account maintenance charges: How 5 banks raked N12.2bn in 6 months Motolani Oseni Five commercial banks operating in Nigeria have recorded a whopping N12.2 billion from account maintenance charges in the first half of 2018, The Daily Times findings revealed. The five commercial banks are FBN Holdings, Diamond Bank Plc, Union Bank of Nigeria Plc, Sterling Bank Plc
and First City Monument Bank Group Plc (FCMB). The banks in prior six months of 2017 had raked N9.2 billion for account maintenance charges on customers’ savings, current and term deposit. Out of the five lenders considered in this report, FBN Holdings leads with active customers’ accounts at FirstBank Limited reaching N13.1 million as at 2017 leads others in value generation Continued on page 3
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WEDNESDAY, AUGUST 8, 2018
VOL. 3
NO. 720
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Says those involved in NASS Illegal blockade’ll be punished DSS locks down NASS 2019 polls budget suffers setback News analysis: Daura and the removal of the untouchable
Matthew Seiyefa takes over as Acting DSS boss g 6 Sen Akpabio resigns as Senate Minority Leader g 5
Kano Deputy Gov defects to PDP, faults state govt’s claims g 7
Senate President, Dr. Bukola Saraki (middle) and others during Saraki’s arrival after the recall of operatives of the Department of State Services (DSS) at the National Assembly in Abuja... on Tuesday.
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